Fredericktown Bank & Trust Co Mortgage Lending & HMDA Data, 2003
In 2003, Fredericktown Bank & Trust Co of Frederick, MD reported 62 mortgage applications totaling $9.2 million. The average application was for $149,161, and applicants reported an average income of $72,241. 81% of its applications resulted in an originated loan and 10% were denied. Its largest markets were Hagerstown, MD (5) and Baltimore, MD (3).
| Mortgage Company & Address | Fredericktown Bank & Trust Co Po Box 510 Frederick, MD 21705 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2003 |
| Total Number of Mortgage Applications | 62 |
| Total Mortgage Loan Application Amount | $9,248,000 |
| Average Mortgage Loan Application Amount | $149,161 |
| Highest Mortgage Loan Application Amount | $800,000 |
| Average Applicant Income | $72,241 |
| Highest Applicant Income | $459,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Fredericktown Bank & Trust Co filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans. Applications reported at $100 million or more are left out of these totals.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Hagerstown, MD | 5 | $ 494,000 | $ 98,800 | $ 31,000 |
| Baltimore, MD | 3 | $ 872,000 | $ 290,666 | $ 79,000 |
Mortgage Loan Application Detail Totals for Fredericktown Bank & Trust Co in 2003
Loan Purpose |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Refinancing (home purchase or home improvement, one-to-four family) | 26 | $4,543,000 | $275,000 | $500,000 | $232,500 | $459,000 |
| Home Purchase (one-to-four family) | 18 | $3,987,000 | $223,000 | $800,000 | $99,000 | $300,000 |
| Home Improvement (one-to-four family) | 16 | $185,000 | $11,000 | $48,000 | $44,000 | $275,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) | 2 | $533,000 | $266,000 | $375,000 | $0 | $0 |
Applicant Race |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| White | 54 | $8,025,000 | $250,333 | $800,000 | $195,666 | $459,000 |
| Not applicable | 7 | $883,000 | $126,000 | $330,000 | $0 | $0 |
| Asian or Pacific Islander | 1 | $340,000 | $340,000 | $340,000 | $80,000 | $80,000 |
| Black | 0 | $0 | $0 | $0 | $0 | $0 |
| Hispanic | 0 | $0 | $0 | $0 | $0 | $0 |
| Information not provided by applicant in mail or telephone application | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
Loan Type |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 62 | $9,248,000 | $250,666 | $800,000 | $190,666 | $459,000 |
| FHA-insured (Federal Housing Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 0 | $0 | $0 | $0 | $0 | $0 |
| VA-guaranteed (Veterans Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
Outcome |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Loan Originated | 50 | $7,068,000 | $247,666 | $800,000 | $186,333 | $459,000 |
| Application Denied By Financial Institution | 6 | $917,000 | $152,000 | $435,000 | $79,000 | $181,000 |
| Application Approved But Not Accepted | 5 | $1,051,000 | $210,000 | $377,000 | $90,000 | $119,000 |
| Application Withdrawn By Applicant | 1 | $212,000 | $212,000 | $212,000 | $57,000 | $57,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
Denial Reason |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 5 | $913,000 | $182,000 | $435,000 | $95,000 | $181,000 |
| Credit History | 1 | $4,000 | $4,000 | $4,000 | $33,000 | $33,000 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Fredericktown Bank & Trust Co's 2003 lending activity. By analyzing detailed data on mortgage applications, total loan amounts, applicant incomes, loan purposes, and approval rates, industry professionals, researchers, and analysts can gain a clear understanding of this lender's role in the mortgage market.
This in-depth HMDA data allows real estate experts, financial analysts, and policymakers to track lending trends, evaluate borrower demographics,
and assess Fredericktown Bank & Trust Co's mortgage approval patterns.
Utilize this powerful dataset to analyze market performance, compare lending practices, and make data-driven decisions in the ever-changing mortgage industry.
For a list of all lenders in Maryland, download the full spreadsheet
with aggregated HMDA statistics today.
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